Cryptocurrency exchange Bitstamp has received regulatory approval to operate in Italy.
Luxembourg-based cryptocurrency exchange Bitstamp managed to gain approval from the Italian financial regulator, following Crypto com and BitGo.
Bitstamp CEO told CoinDesk that they have received approval to operate in Italy.
“Our registration in Italy is part of our global plans to serve Europe and the world”
According to the regulator’s statement, Bitstamp managed to get approval on July 22.
The companies, in turn, receive regulatory approval to operate in Italy. Previously, crypto exchanges such as Binance and Coinbase were approved to operate in Italy. Crypto Com and BitGo received regulatory approval just last week.
The CEO of the company, JB Graftieaux, used the following statements regarding the expansion of its operations to Italy:
“Italy is among the most important markets in Europe and we are excited to provide the country’s citizens with a secure way to trade crypto”
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